Sbarro pizza chain files for bankruptcy. Again.

Sbarro filed for bankruptcy protection on Monday for the second time in less than three years. The filing comes on the heels of Sbarro's announcement last month that it will close 155 of about 400 restaurants it owns in North America to cut costs.

ByReutersMarch 10, 2014

A Sbarro restaurant logo is seen in the Times Square section of New York March 10, 2014. Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.

New York — Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.